Today is not national signing day for college basketball. 

But Tad Boyle and Linda Lappe are expected to put the ink to contract extensions soon. 

The University of Colorado Board of Regents today approved extensions for the second-year head basketball coaches during its regular meeting today on the CU-Colorado Springs campus. 

The contract extensions for Boyle and Lappe go through April 30, 2016. Both of their contracts include increased bonus potential if their players perform well both in the classroom and on the court. 

Boyle and Lappe, who were both hired in April 2010, have brought some life back to struggling programs while making winning transitions from the Big 12 to the Pac-12. 

The CU men's team is 38-21 under Boyle, a Greeley native and former Northern Colorado head coach. During the 2010-11 campaign, Boyle guided the Buffs to a fifth-place finish in the Big 12, a program-record 24 wins and an appearance in the NIT semifinals in New York. 

Despite losing a strong senior class to graduation and Alec Burks early to the NBA, Boyle's second CU team is currently 14-7 overall and tied for third in the Pac-12 halfway through the regular season. 

“I'm extremely happy personally. My family is in a great place ... the Boulder community has been great to the Boyle family,” Boyle said after Tuesday's practice. “Professionally, I'm as happy as I've ever been. I'm thankful every day for the opportunity I have to come to work and represent this great institution and to try and make the basketball program better.” 

Lappe, a former player at CU for legendary coach Ceal Barry, is 33-21 at CU so far. The women's team made it to the quarterfinals of the WNIT last March and appears headed for postseason play again with a 15-5 record this season. 

“I love Colorado. That's why I came back,” Lappe said Tuesday. “It's a place that I loved being a student at for five years. The people here are great; the administration is great; the fans are tremendous. They understand what Colorado basketball is all about. They understand the tradition and that's what we're trying to bring back.” 

CU women’s basketball coach Linda Lappe talks to Chucky Jeffery and Brittany Wilson during the first half against UCLA on Jan. 29.
CU women's basketball coach Linda Lappe talks to Chucky Jeffery and Brittany Wilson during the first half against UCLA on Jan. 29. ( CLIFF GRASSMICK )

“I think Linda's doing a great job with her programs,” Boyle added of his counterpart. “We're in different stages (of rebuilding), but we both want the same thing and strive for the same thing. ... To work across the hall from a staff like that is nice.” 

CU is proposing that Boyle earn a 3 percent merit raise, increasing his base salary to $165,830. His compensation package is unchanged and amounts to nearly $429,000, which includes, for example, $180,000 for radio, television and public appearances. 

Beginning in 2013, Boyle can also earn up to $200,000 annually for incentive compensation, which includes benchmarks such as academic progress for student-athletes. In 2012, his annual incentive compensation can amount to $100,000. 

The new agreement also increases performance incentives, with a sliding scale of bonuses for winning records and making it to post-season tournaments. For example, if the team wins 21 regular season games, Boyle will get a bonus of $30,000, which is up from his previous contract that offered $10,000. If he's named “Conference Coach of the Year,” he can earn $30,000, up from $10,000. A Buffs' NCAA Championship would net him $750,000, up from his previous incentive of $250,000. 

If CU fired Boyle, he could still earn $549,830 a year from the date of termination to April 30, 2016. 

Lappe's base salary increased to $165,830 to reflect the 3 percent merit pool. Her compensation package is the same as last year and amounts to $124,980 a year and includes, for example, $35,000 for running summer basketball camps. Beginning in 2013, Lappe can earn up to $48,000 a year for incentive compensation — which is double the amount of the previous cap. 

Similar to Boyle's contract, Lappe's new contract agreement also increases performance incentives: She can earn $18,000 if her team wins 21 regular season games, up from $6,000 in her former contract. If she's coach of the year in the Pac-12 conference, she could earn $15,000, up from $5,000. A NCAA championship win, for example, could earn her $150,000, up from her previous incentive of $50,000. 

If fired, Lappe could claim up to $245,830 a year from the date of termination through April, 30, 2016. 

Both coaches' contracts allow a courtesy car or $600 a month in lieu of the car; up to eight season tickets at Folsom Field for home football games; and up to eight seasons tickets for home games for both men's and women's basketball. 

Coaches salaries are paid for with revenue from the athletic department. 

The men's team returns to action on Thursday against Oregon State at the Coors Events Center, where the Buffs are 11-1 this season and 29-3 (.906) under Boyle, who could become the first coach in the program's 111-year history to win 20 games in back-to-back seasons. The women visit Oregon State the same night. 

In recent years, CU athletic director Mike Bohn, with the blessing of president Bruce Benson and chancellor Phil DiStefano, has increased the athletic department's support of the basketball and volleyball programs with a number of major upgrades, including the practice facility that opened last summer. 

That commitment and the move to the Pac-12 have helped the basketball coaches bolster their recruiting. Boyle's 2012 class is ranked in the top 25. 

“The investment that has been made to basketball, the cynic would say it's long overdue. But I'm not a cynic, I'm an optimist,” Boyle said. “You cannot be successful in any sport at the Division I level without an administration that is supportive. We have that here at the University of Colorado.” 

Added Lappe, “I can't imagine a better place to be, to tell you the truth. This is my dream job and I hope to be here for a long time.” 

Camera Staff Writer Brittany Anas contributed to this report.